3000 Ridge RdRochester, NY 14622

  • Office properties
  • 39,328 SF
For Lease
$12/SF/YR View listing

Property Details for 3000 Ridge Rd

Year built
1983
Lot size
6.00 AC
Property size (Sq ft)
39,328 SF
Zone code
02 - SINGLE RESIDENCE
Property type
Office properties
Property subtype
Office buildings
APN
263400 077.20-1-54.2
APU
263400077201542

Description

This exceptional Rochester, NY office building, located at 3000 East Ridge Road, offers 45,565 square feet of versatile space. The single-story, 1950-built structure underwent a complete renovation in 2018, boasting a 15-foot ceiling height. The property is zoned R-1 with a variance and sits on a six-acre lot, providing ample parking for 300 vehicles. The building is classified as Class B and features multiple suites, with a minimum divisible space of 1,000 square feet and the potential to lease the entire 45,565 square feet contiguously. Currently, the entire 45,565 square feet is vacant and available for lease. The property is ideally suited for a variety of office uses, including creative, traditional, executive, coworking, and medical offices. Utilities include a robust 2000-amp power supply. While elevators are not present, the single-story design ensures easy accessibility. Annual property taxes are $4 per square foot. This prime location at the end of East Ridge Road in Rochester, NY presents a unique opportunity for a company seeking a substantial and well-maintained office space with extensive parking. The property's size and flexibility make it suitable for a wide range of businesses, from local enterprises to national corporations seeking a corporate headquarters.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,350,814
    6.5%
    $5,862,289
    7%
    $5,443,554
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,592,935
    Geo Method
    $4,605,034
  • Alternative Use

    Use
    Valuation
    Residential
    $7,269,238
    Hospitality
    $6,658,584
    Educational
    $5,539,864
    Medical
    $5,730,388
    Retail
    $8,617,565
3000 Ridge Rd, Rochester, New York

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.2052
Longitude
-77.5415
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$382,500
$1,817,500
$2,200,000
-
$382,500
$1,817,500
$2,200,000

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